What Will Happen to Gold Prices if Donald Trump Becomes President?

What will happen to gold prices if Donald J. Trump becomes our next president? We don’t have a crystal ball and we don’t know for certain. But it is still interesting to look at the platform that he has posted on donaldjtrump.com, his campaign website. He lists a number of actions that he says he will take if he gets elected. Let’s see how they might affect gold markets.

 Image Credit: Michael Vadon (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Image Credit: Michael Vadon (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Promise #1 - Eliminate China’s Illegal Export Subsidies
Would it affect gold prices? Yes!
Why? Because U.S. production could increase, boosting gold demand and prices.

Promise #2 - Lower Corporate Tax rate to 15%
Would it affect gold prices? Yes!
Why? Because U.S. production could increase, boosting gold demand and prices.

Promise #3 - Close Tax Loopholes for Corporations so they Pay their Fair Share
Would it affect gold prices? Yes!
Why? Because the increased burden on corporations could lower production and cause gold prices to drop.

Promise #4 - Increase the Size of the U.S. Military
Would it affect gold prices? Yes!
Why? Because Increased manufacturing of weapons could increase demand for gold and prices could rise.

Promise #5 - Force China to Uphold Intellectual Property Laws
Would it affect gold prices? Yes!
Why? Because U.S. production could rise, boosting gold demand and prices.

Promise #6 - Protect the Right to Bear Arms and the Second Amendment
Would it affect gold prices? Yes!
Why? Because increased or steady gun production could cause demand and prices of gold to rise.

Promise #7 - Build a Wall at the Mexican Border
Would it affect gold prices? No
Why? Because we can’t see how doing so would affect international gold trade or impact on prices.

Promise #8 - Improve Efficiency and Care at the VA
Would it affect gold prices? Yes, but not much!
Why? It is possible that doing so would cause the VA to purchase new testing and other medical equipment that contains small quantities of gold.

Promise #9 - Make Companies Hire American Citizens First
Would it affect gold prices? Yes!
Why? Because U.S. production could increase, boosting gold demand and prices.

Promise #10 - Bring Jobs back to America
Would it affect gold prices? Yes!
Why? Because U.S. production could increase, boosting gold demand and price.

Promise #11 - Stop the Flow of Illegal Immigrants into America
Would it affect gold prices? No!
Why? Because we can’t see how doing so would affect international gold trade or impact on prices.

Promise #12 - Deport Illegal Immigrants
Would it affect gold prices? No!
Why? Because we can’t see how doing so would affect international gold trade or impact on prices.

At Least, That’s Our Take

Will Donald J. Trump get elected and if he does, will he be able to put all his plans into action? Probably not. But it is interesting to consider what might happen if he really got elected and was able to accomplish everything he says he wants to do.

In future posts, we’ll be offering similar analyses of the plans that different presidential candidates are putting forth.

How Should You Prepare for Possible Price Changes?

We would urge you to call us about opening a Specialty Metals Gold Pool Account, a special account that lets you specify the price at which you would like us to liquidate your recyclable and other gold. When prices reach the point you specify, we liquidate them and issue you immediate payment. You are invited to call us at 800-526-2344 to learn more.

NOTE: Gold Refiners.com is part of Specialty Metals Smelters & Refiners, LLC, the top choice in the US for secondary refining of Gold, Silver and Platinum Group Metals for more than 32 years, for companies in the industrial, electronic, jewelry and mining sectors.

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